The following is from Bankrate.com today. On Tuesday, April 05, 2022, the national average 30-year fixed mortgage APR is 4.870%. The average 15-year fixed mortgage APR is 4.090%, according to Bankrate’s latest survey of the nation’s largest mortgage lenders.
Someone is responsible or are you going with the lie that Putin's war in Ukraine increased the price of oil? The problem with you on the left is you never take responsibility for your screw ups. You act like all you do is A-Okay. Joe Biden screwed up and continues his bad policies against the US oil companies then, wonders why there is not an increase in US oil production?
There's only ever been one way to keep up with inflation, and that is to make more money. I think that Howard J. Ruff said that way back in the 80s. Please correct me if it was someone different.
I don't like Michael Saylor's delivery. He always comes across as arrogant, as if we're all too stupid to understand the subject matter. He made a multi billion $ bet on btc which has yet to become what he thinks it should be. It's well understood that inflation is different for anything and everything. But the best way to measure something over a period of time is to use the same reference as an indicator, and that's all the gov's inflation number is. Your inflated US$ can buy you more stuff in other countries. Go visit the world, buy apartments or whatever.
"We bitch and complaint." Then we babble about inequality and the free market is unfair. Then we conclude that a dose of socialism light would solve the issue. Then we start to have shortages. Then we conclude that we need more regulation, price controls etc. to be rid of the shortages. Then the producers stop producing. The shortages increase. Then government decides to nationalize companies that are deemed to cause the shortages. The shortages spiral under government control. Then we rename the country Venezuela North.
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The typical Mantra. "if you don't do what we dictate under cold blooded capitalism then the country turns into Venezuela" . Did Japan, Germany, France, Denmark, Switzerland, Norway, Finland, Belgium, Holland turn into Venezuela? Not that I can see. Bidding wars for properties happen in a society where housing becomes a commodity and where venture capital firms and hedge funds can buy up huge swath of land and where there is zero rent control. In a nation that borrows without limits nor regard for future generations. Inequality and limitless greed lead to a society where huge portions of the population end up with nothing. That's what has disenfranchised an entire young generation and turned them into Muppets without hope. Not social market economic ideas that are practiced all over Europe and have led to a much more balanced society and lesser inequality. Last time I checked all above named nations produce top tier technology and play in the top league. Their policies can't be all that bad.
You like intellectual shortcuts? No every road leads to Venezuela. Communists, fascists and religious autocracies all impose strict controls over their economies. Doesn't Russia ring a bell? Now, name me a single country in the world that imposes no rules.